National Bankshares Issues Positive Forecast for Savaria (TSE:SIS) Stock Price

Key Points

• National Bankshares has increased its price target for Savaria (TSE:SIS) from C$24.00 to C$26.00, signaling a potential upside of 22.12% from the current price.
• TD Securities also raised their target on Savaria shares to C$24.00, highlighting that six analysts currently rate the stock as a buy.
• Savaria's stock recently traded up 2.0% to C$21.29, with a market capitalization of C$1.54 billion and a notable debt-to-equity ratio of 54.11.

Savaria (TSE:SIS - Get Free Report) had its price objective upped by stock analysts at National Bankshares from C$24.00 to C$26.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 22.12% from the company's current price.

Separately, TD Securities lifted their price objective on shares of Savaria from C$22.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria has a consensus rating of "Buy" and a consensus target price of C$24.17.

Savaria Stock Up 2.0%

Savaria stock traded up C$0.42 during mid-day trading on Monday, reaching C$21.29. The stock had a trading volume of 51,125 shares, compared to its average volume of 105,240. The firm has a market capitalization of C$1.54 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The stock's 50-day simple moving average is C$19.53 and its 200-day simple moving average is C$18.32. Savaria has a fifty-two week low of C$14.97 and a fifty-two week high of C$23.92. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97.

Insider Buying and Selling

In other Savaria news, Director Alain Tremblay sold 10,000 shares of Savaria stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$19.61, for a total value of C$196,092.00. Corporate insiders own 17.45% of the company's stock.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company's operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.